Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ If all the re­quire­ments for re­du­cing the share cap­it­al are met, the board of dir­ect­ors shall amend the art­icles of as­so­ci­ation and de­clare that the re­quire­ments un­der the law, the art­icles of as­so­ci­ation and the gen­er­al meet­ing res­ol­u­tion are met at the time of the de­clar­a­tions and that it has re­ceived the sup­port­ing doc­u­ments on which the cap­it­al re­duc­tion is based.

² The res­ol­u­tion on the amend­ment of the art­icles of as­so­ci­ation and the de­clar­a­tions of the board of dir­ect­ors must be done in a pub­lic deed. The not­ary must spe­cify the sup­port­ing doc­u­ments on which the cap­it­al re­duc­tion is based, and con­firm that the doc­u­ments were presen­ted to him or her. The sup­port­ing doc­u­ments must be at­tached to the pub­lic deed.

³ Funds re­leased by cap­it­al re­duc­tion may only be paid out to share­hold­ers after the cap­it­al re­duc­tion has been entered in the com­mer­cial re­gister.